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Tuesday, March 03, 2015

43 Percent Of This City’s Long-Term Homeless Have At Least $20,000 In The Bank

Thirteen out of 30 residents who have stayed at two Portland, Maine homeless shelters the longest have at least $20,000 in their bank accounts, while one resident has $161,000 in liquid assets, according to a shocking new report.

The state’s Department of Health and Human Services uncovered those surprising facts during an audit it conducted of Portland’s General Assistance fund last month, the Portland Press Herald reported.

The health agency analyzed the records of 90 shelter residents at the Oxford Street Shelter and Family Shelter and picked out the “Top 30 Stayers” based on how many “bed nights” they’ve spent at the facilities.

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4 comments:

Anonymous said...

I knew a man who was an ironworker in Wilmington who lived in shelters and in his car and made $1000 plus a week back in the late 80s.I asked him why and he said he did not want any responsibility to anyone.

Anonymous said...

Not defending them, but financial assets are sometimes very messy. This article may be over-simplifying their situations.

Anonymous said...

If they don't mind the shelter environment what's so wrong about saving money?

Anonymous said...

Years ago there was a homeless man who lived in Salisbury who actually had a trust fund that was managed by someone because the guy was mentally ill and could not manage his life let alone hundreds of thousand of dollars. He would show up for money and bathe in the office restroom and then sleep in the park. Homeless people are not all what they appear. It is a sad world for some people.